Over the course of the next three months, we’re going to see some very interesting things happen in the technology IPO space, with three of the most recognisable companies coming to market. In a recent interview, we discuss the impressive debut of Dropbox, how Spotify are bucking the trend, and...
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Financials are at a crossroads. On the one hand, banks and insurance companies are set to benefit from recovering global growth and higher interest rates. However, many financials face increasing competition from fintech disruptors, often backed by the world’s largest technology companies such as Alipay, Apple Pay, and Ant Financial.
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Initial Public Offerings (IPOs) continued to post outstanding returns in the second quarter of 2017, with an average gain on the 33 companies which listed on the Australian Securities Exchange (ASX) of 11.4%, an impressive outperformance of the S&P/ASX 200, which fell 2.4% over the same period.
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NAOS recently attended a US venture capital conference which was attended by some of the leading & most well capitalised US and European companies of the future. It was interesting hearing from some of the CEOs as well as industry experts about what the path to IPO entails including what...
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The Australian Initial Public Offerings (IPOs) performed well in October 2016, delivering an average return of 36.8 per cent on the first day of listing and 29.2 per cent over the month, with the IT sector dominating floats in 2016, the OnMarket October IPO Report 2016 reveals.
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The last few months has seen the highest level of M&A activity on the ASX in the last 3-5 years, says Chris Stott, Chief Investment Officer at Wilson Asset Management. With balance sheets in great shape and private equity funds again in acquisition mode, he expects the trend to continue...
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Initial Public Offerings of shares; love them or hate them, they are an essential part of a functioning share market. On one side of the fence, we have the naysayers, with warnings that private equity sellers and business owners will always know more than investors. On the other side, we...
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Initial Public Offerings of shares; love them or hate them, they are an essential part of a functioning share market. On one side of the fence, we have the naysayers, with warnings that private equity sellers and business owners will always know more than investors. On the other side, we...
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Swift's debut up ~ 56% in two days has been strong, but the question we want to task: "Is there more behind it?" The sector as a whole (TV2, ONE, XTV) has recently been re-rated significantly, but more importantly, SW1 is a key standout vs. its peers, trading at ~...
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Charles Leyland, Managing Director of Leyland Private Wealth Management, doesn’t usually participate in IPOs; “99% percent of the time, at some stage you can buy the same business cheaper on the market.” However, there is one recent listing that caught his attention for having both value and upside - Ive...
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There is growing speculation that the ASX will make it much harder for tech companies to float their respective businesses on the exchange. The "profit test" and "asset test", may increase from $3M to closer to $10M and the spread requirements may rise to $5,000 per investor (all yet to...
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Steve Black, Portfolio Manager of Pengana’s Emerging Companies Fund says that new IPOs are coming through “thick and fast” at the moment and he’s seeing at least three companies per week. In amongst this flurry of activity Black remains “wary” of many new floats because, in his view, they frequently...
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Tim Samway Managing Director, Hyperion Asset Management is happy to be fully invested, identifying a number of stocks that can grow well above the broader market. In the finance sector this doesn’t include holdings in Aussie banks, “we think their long term credit growth is going to be challenged. It’s...
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Based on recent trends the ASX is about to hit a peak period of IPO activity over the next 6 months. Based on data compiled by Deloitte there are a few reasons to suggest it is worth keeping abreast of the new companies coming to market. 1) Average returns have...
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This year Private Equity companies have sold $73 billion of their buyouts to the public, a record amount over a six month period. Lise Buyer, founder of IPO advisory firm Class V Group says “It’s clear that we are currently in an environment of frothy valuations. The insiders – those...
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